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    OFF-MARKET
    Land

    000 Old Bainbridge Rd, Marion, IL 62959

    38.93 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 38.93-acre commercial land parcel presents a unique investment opportunity in Marion, Illinois. Strategically located west of Marion and south of Deaconess Hospital (formerly Heartland Hospital), this property boasts significant road frontage and is ready for immediate development. Utilities are readily available, with water and sewer already on-site. The expansive acreage offers considerable potential for a variety of commercial ventures, benefiting from its proximity to a major medical facility and its convenient location within the city. The absence of any existing structures allows for complete design flexibility and customization to suit specific development plans. This is a rare opportunity to acquire a large, well-situated commercial lot in a growing area. The property is being offered for sale by owner at $778,600. Its ideal location and existing infrastructure make it an attractive prospect for developers seeking a prime location for new construction. The address is 000 Old Bainbridge Road, Marion, IL 62959. This property is zoned for commercial use and offers excellent potential for a high return on investment. Serious inquiries are encouraged. The seller is motivated and open to reasonable offers. Don't miss this chance to secure this valuable piece of commercial real estate.

    Property profile
    Verified
    Property type Land
    Lot 38.93 ac (1,695,791 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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